Even if the creator of bitscalper found some magical algorithm that never fails... diminishing marginal returns will set in; there's some fixed maximum a system like this could achieve before it has completely exploited these "market inefficiencies".

Well, this could be Bernie Madoff running his operation from his prison Internet connection. It would explain why...

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We choosen (SIC!) to protect our identity because in our Country Bitcoin-related business is considered a banking-like activity, and it's regulated. We do not hold any legal license to operate, hence our choice.

He obviously can't set up business with dollars anymore, and Bitcoin makes the perfect choice.

The similarities are striking.

And to the decent, honest posters above: Everybody likes ponzi schemes. Until they get burned.

If this were to work, why the heck would they not trade with their own money? If the method is really that good, wouldn't their returns pile up, exponentially depleting whatever opportunities they try to exploit?

Smells very fishy.

Unless they have small/no capital. Then they rely on other's withdraw fee for returns to pile up ?

Let's say they were very poor and had only 10 BTC capital of their own. With a 5% daily return though after 4 months they would have 3500 BTC and after 8 months they would have 1.2 million BTC.Clearly, the smarter strategy would be to just use their own funds and let the returns pile up.

If this were to work, why the heck would they not trade with their own money? If the method is really that good, wouldn't their returns pile up, exponentially depleting whatever opportunities they try to exploit?

Smells very fishy.

Unless they have small/no capital. Then they rely on other's withdraw fee for returns to pile up ?

Let's say they were very poor and had only 10 BTC capital of their own. With a 5% daily return though after 4 months they would have 3500 BTC and after 8 months they would have 1.2 million BTC.Clearly, the smarter strategy would be to just use their own funds and let the returns pile up.

Not exactly true. At the moment they have maybe 1000 BTC to play around with ( according to them). Buying /selling that amount to make a few percent is possible in this crazy market. If/when they have 10,000 or 50,000 it will be very hard to do the same because of the size of the market.

"We are just fools. We insanely believe that we can replace one politician with another and something will really change. The ONLY possible way to achieve change is to change the very system of how government functions. Until we are prepared to do that, suck it up for your future belongs to the madness and corruption of politicians."Martin Armstrong

Registered and deposited yesterday. Not exactly the 5% they promised, but it seems that it works. I'll leave that running for some time and then try if they let me actually withdraw all this .

I seem to be defending these guys all the time , but please stick to the facts... they never promised anything to anybody let alone 5% a day.

They did say this:

" When the right opportunities windows are open, Bitscalper is able to generate as much as 5% daily with very small and easily accountable risks."

To me that reads as sometimes they can get up to 5% and sometimes less( and maybe sometimes none or even a loss)

"We are just fools. We insanely believe that we can replace one politician with another and something will really change. The ONLY possible way to achieve change is to change the very system of how government functions. Until we are prepared to do that, suck it up for your future belongs to the madness and corruption of politicians."Martin Armstrong

I seem to be defending these guys all the time , but please stick to the facts... they never promised anything to anybody let alone 5% a day.

They did say this:

" When the right opportunities windows are open, Bitscalper is able to generate as much as 5% daily with very small and easily accountable risks."

To me that reads as sometimes they can get up to 5% and sometimes less( and maybe sometimes none or even a loss)

Hey, I'm not bashing them for not keeping up the promise, half coin from 25 coins in one day (2%/day) is still nice. This means I could get 100% from my account in just over 30 days. This is very risky though, so I won't be advertising them to my friends, but for the sake of experiment I'll keep my BTC there and report to you guys from time to time.